Title The role of subordinated debt in market discipline : the case of emerging markets / Cem Karacadag and Animesh Shrivastava

Published [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2000

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Description 1 online resource (30 pages) Series IMF working paper, 2227-8885 ; WP/00/215 IMF working paper ; WP/00/215. Summary In its new capital adequacy framework, the Basel Committee assigns market discipline an explicit and vital role as one of the three "pillars" of capital regulation along with minimum capital requirements and supervisory review of capital adequacy (BIS, 1999). Despite the growing recognition of market discipline's importance to banking soundness, the means by which it can best be achieved are still unknown. While the Basel Committee has called for adequate disclosure as a precondition for market discipline, disclosure alone is not enough. Incentives must exist for market agents to analyze available information and exercise discipline Bibliography Includes bibliographical references (pages 26-29) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Debt -- Developing countries Subordinated agreements (Finance) -- Developing countries Bank loans -- Developing countries Banking law -- Developing countries Capital market -- Developing countries Loans -- Developing countries Loans Bank loans Banking law Capital market Debt Developing countries Form Electronic book Author Shrivastava, Animesh International Monetary Fund. Monetary and Exchange Affairs Department. ISBN 1283511711 9781283511711 145191962X 9781451919622 1462320406 9781462320400 1452764166 9781452764160 9786613824165 661382416X 9781451875034 1451875037

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